According to the economic correspondent of rahnam News Agency, the latest report of the Central Bank on the state of the interbank interest rate shows that this rate has reached 23.6% in the week ending December 1 with a decrease of 300% compared to the previous week.
The interbank interest rate in the week ending on November 24 had reached 23.63% with an increase of 700% compared to the previous week. While this rate was 23.56% in the week ending November 17th, 23.6% in the week ending November 10th, 23.71% in the week ending November 3rd, and 23.71% in the last week of October, this rate was 23.76% in the week ending October 19th and Before that, it was 23.75%.
The highest interest rate this year is related to October 8, which reached 23.80 percent. The interbank interest rate increased to 23.80% at the end of the week ending on October 5, breaking a 10-year record.
In the last week of July, the interbank interest rate entered the new channel of 23.5% after 6 weeks of staying in the channel of 23.4%, and since the end of September, it had entered the range of 23.6%, but since the previous weeks, it entered the channel with a new record. It became 23.8%, but it returned to the 23.7% channel in the last three weeks.
According to rahnam, the upward trend of interbank interest rates started in February last year. From the week ending December 30th, the interbank interest rate entered the 21% channel and until the week ending February 19th, it was fluctuating in the same channel, but from February 26th, this rate set a new record in the 22% channel, and now this rate is in the 23% channel. It fluctuates.
What is the interbank interest rate?
Banks may face liquidity deficits or surpluses in short-term daily or weekly financial periods. If a bank has a liquidity deficit, it must compensate it through borrowing to reach equilibrium. In order for banks not to need the central bank to solve this problem, they have formed a market called the interbank market in which they lend to each other. . Most interbank loans have short-term maturities of one week or less. Bank lending to each other is based on an interest rate, which is called the interbank interest rate.
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